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    On detrending and cyclical asymmetry

    Psaradakis, Zacharias and Sola, M. (2003) On detrending and cyclical asymmetry. Journal of Applied Econometrics 18 (3), pp. 271-289. ISSN 0883-7252.

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    Abstract

    This paper considers the issue of testing for symmetry of the business cycle. It is demonstrated that findings of symmetry should be interpreted with caution since tests tend to have low power to detect asymmetries when applied to data that have been filtered to isolate their stationary business‐cycle component. This implies that asymmetries are likely to be detected in practice only when they are particularly prominent. An empirical application examines the properties of the cyclical component of real GDP for the G7 countries.

    Metadata

    Item Type: Article
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 21 Jul 2020 08:48
    Last Modified: 21 Jul 2020 08:48
    URI: https://eprints.bbk.ac.uk/id/eprint/32620

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